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PT Bakrieland Development

Indonesian PT Bakrieland Development Tbk going to raise Sukuk

Tue, 2009-06-02 05:25 — IslamicFinance.de

Indonesian property firm PT Bakrieland Development Tbk wants to raise up to 300 billion rupiah from an Sukuk issue, or twice the amount previously indicated. Bakrieland has appointed PT Bahana Securities and PT Madani Securities as underwriters for the sukuk. The firm plans to issue a 2-year tranche with an indicative yield of 14-15 %, and a 3-year tranche with an indicative yield of 15-16 %.

Source: 

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/id...

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